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Wednesday, 23 August 1972
Page: 314

Senator O'BYRNE - I ask the AttorneyGeneral: Is there any truth in reports that legislation establishing the proposed new monopolies commission is now unlikely to be brought before Parliament this session because Cabinet is re-examining the whole concept of the commission with a view to giving it power to inquire into and report upon foreign takeovers of Australian companies? If the report is not true, will the Attorney-General state categorically that the new legislation, including that dealing with the monopolies commission, will be brought into the Parliament before the Federal election?

Senator GREENWOOD -It has been stated, and to my knowledge the position has not changed, that the legislation to give effect to the proposals relating to restrictive trade practices and the monopolies commission, which I put forward towards the end of last session, will be introduced into the Parliament this session. I hope that the Parliament will pass it this session.

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